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Property profile & analytics
OFF-MARKET
Estimated value
$1,525,000
Apartment buildings
1450 Walnut Ave Visalia, CA 93277-1411
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5802014
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1969
Construction
WOOD
Total area
12,008 SF
Lot
0.52 ac (22,630 SF)
Zoning code
RM2
APN
096-284-028-000
UPID
US09-5802014
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.63M
CAP Approach
CAP
$1.54M
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.53M
Owner & transaction history
Dreamspal On Walnut LLC · 5 yrs held
Dreamspal On Walnut LLC
since 2021
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
RM2 · Visalia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Visalia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Visalia submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,650,000
ML approach
$1,630,000
CAP Approach
CAP Return
Estimation
6%
$1,660,000
6.5%
$1,535,000
7%
$1,425,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,415,000
Current use
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±10% · vs last sale $1.41M (Mar 31 2021)
Last sale anchor
$1.41M
Mar 31 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$127 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$16,030
Tax year 2024
Assessed value
$1,490,996
Assessed 2024
Previous assessed
$1,490,996
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$212,241
Assessed improvement
$1,278,755
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1969
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
1
Stories
2
Units
15
Rooms
5
Bathrooms
15
Total area
12,008 SF
Lot
0.52 ac (22,630 SF)
Zoning code
RM2
APN
096-284-028-000
UPID
US09-5802014
Jurisdiction
TULARE
Zoning & alternative use
RM2 · Visalia, CA
Zoning RM2 · permitted uses
RM2 · Visalia, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Visalia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1969
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
1
Units
15
Rooms
5
Bathrooms
15
Lot
0.52 ac
Current owner
From public records · entity-resolved
Dreamspal On Walnut LLC
Entity
Mailing address
725 EVANS RD, SAN LUIS OBISPO, CA 93401-8124
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2021
$1,405,000
Dreamspal On Walnut LLC
Oscar R Bernal
Grant Deed
$1,050,000 · Arbor Commercial Funding LLC
Jul 30, 2013
—
Bernal,oscar R & Alice M Trust
Bernal O R & A M Trust
Quit Claim Deed
related
$510,000 · Pacific Premier Bank
Mar 31, 2008
—
Bernal Oscar R & Alice M Trust
Bernal,oscar R & Alice
Quit Claim Deed
related
—
May 10, 2006
$1,225,000
Oscar Bernal
Visalia Tulare Porterville Pro
Grant Deed
$575,000 · Fidelity Bancorp Funding INC
May 30, 2003
$615,000
Visalia Tulare Porterville Pro
La Meta Enterprises INC
Grant Deed
$461,250 · Bank Of Visalia
Apr 21, 1989
—
George Petersen
Visalia,properti
Grant Deed
related
—
—
—
Visalia Tulare Porterville Pro
—
Deed Of Trust
related
$120,000 · Bank Of Visalia
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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